Exclusive-Meta to lay off employees in metaverse silicon unit on Wednesday

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NEW YORK (Reuters) – Meta (NASDAQ:META) is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday.

Employees were informed in a post on Meta’s internal discussion forum Workplace on Tuesday they would be notified about their status with the company by early Thursday morning, one of the sources said.